‘$500,000 In Five Years’

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The bitcoin and crypto price bull run has stalled after its phenomenal rally in the first half of this year—with some issuing stark warnings over bitcoin’s prospects.

The bitcoin price has failed to hold ground over $50,000 per bitcoin despite multiple attempts to pass the psychological barrier. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, has also fallen away from its all-time high set in May.

Despite bitcoin’s recent struggles, Cathie Wood, the chief executive of Ark Invest who’s made a name for herself with big bets on bitcoin and Elon Musk’s electric car company Tesla TSLA -0.1%, has predicted the bitcoin price will hit $500,000 in just a few years—and revealed her confidence in ethereum “has gone up dramatically.”

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